Question
Assume that there are three industries in the Home country: industry A, industry B and industry C. Total labour force of the Home Country in
Assume that there are three industries in the Home country: industry A, industry B and industry C. Total labour force of the Home Country in the year 2015 was 75,000. 25,000 of this labour force were employed in industry A, 25,000 of it were employed in industry B, and the rest were employed in industry C. In year 2016, total labour force was 150,000. This time 50,000 were employed in industry A, 50,000 were employed in industry B and the remaining workers were employed in industry C. What is the industrial transformation for the Home Country?
(a) 0. (b) 1/2. (c) 1/6. (d) 4/15.
Show your calculation and explain it.
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